Monday, December 9, 2013

JP Morgan news

1. China hiring
http://dealbook.nytimes.com/2013/12/07/bank-tabulated-business-linked-to-china-hiring/?ref=todayspaper&_r=3&

2. Jamie Dimon opposes the Vocker Rule
http://dealbook.nytimes.com/2013/12/10/war-of-words-over-the-volcker-rule-a-timeline/
“If you want to be trading, you have to have a lawyer and a psychiatrist sitting next to you determining what was your intent every time you did something.”
Follow up question:
I really understand the new Volcker Rule is to curb risk when bank use own capital to trade, the new rule will limit bank revenue and profit. J.P Morgan opposes this rule explicitly. How do you view in this position and what should be the right method to both control risk and maximize the profit?

3.  Criminal Action Is Expected for JPMorgan in Madoff Case
http://dealbook.nytimes.com/2013/12/11/criminal-action-is-expected-for-jpmorgan-in-madoff-case/

4. JPMorgan Chase to Spend $250 Million on Jobs Skills Initiative
http://dealbook.nytimes.com/2013/12/11/jpmorgan-chase-to-spend-250-million-on-jobs-initiative/
5.   On Defensive, JPMorgan Hired China’s Elite
http://dealbook.nytimes.com/2013/12/29/on-defensive-jpmorgan-hired-chinas-elite/?_r=0

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